Week In Review: A Sales Surge In February + Buyers Turn To Condos

Millennials struggling for traction in today’s economy? A federal Finance Department report says today’s young people are the wealthiest yet. Unaffordable housing? The RBC affordability index said this week that only Toronto and Vancouver are an issue.

Two-thirds of Canadians in poll think government should intervene in housing market (CBC)

Across the country, two-thirds of those polled thought the government needed to intervene more in the housing market. The remaining third thought that government should stay out and leave it to the industry to manage. 

Neighborhood integration is a great goal, but just because a place is currently home to more than one race doesn’t mean it will retain this diversity in the decades to come. A new study published in Sociological Science explores this potential future for New York, Chicago, Los Angeles, and Houston. It finds that 35 percent of all neighborhoods in these cities—around 3,800 total—are likely to resegregate in the next two decades.

Silicon Valley Residents Leave for Greener Grass, Cheaper Housing (Wall Street Journal)

The region lost more than 7,500 residents to other parts of the U.S. last year, the first time Silicon Valley has lost more U.S. residents than it has gained since 2011, according to the Silicon Valley Competitiveness and Innovation Project. Two local groups commissioned the study to identify strategies to reinforce the region’s innovation.